New York Life Investment Management LLC Takes $738,000 Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

New York Life Investment Management LLC bought a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,451 shares of the construction company's stock, valued at approximately $738,000.

Other hedge funds also recently added to or reduced their stakes in the company. Park Place Capital Corp acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at $29,000. World Investment Advisors LLC acquired a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at $30,000. R Squared Ltd acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at $30,000. UMB Bank n.a. raised its holdings in shares of Simpson Manufacturing by 88.2% in the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after purchasing an additional 97 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at $37,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.42% of the stock is owned by company insiders.

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Simpson Manufacturing Stock Up 1.9 %

Shares of SSD traded up $3.02 during midday trading on Friday, reaching $165.02. The stock had a trading volume of 179,069 shares, compared to its average volume of 254,129. The company's fifty day simple moving average is $166.40 and its two-hundred day simple moving average is $177.36. Simpson Manufacturing Co., Inc. has a 1-year low of $154.97 and a 1-year high of $218.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 21.71 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. Equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.68%. Simpson Manufacturing's dividend payout ratio is currently 14.74%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird reduced their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.